E-Contracts in India: Its Legality, Pros. and Cons.

Abstract

The advent and rapid growth of technological era in the world has given rise significantly to new horizons of contracts namely ‘electronic contracts’, immensely keeping behind the traditional way of making contracts. The electronic contracts or online contracts bear multiple connotations that are done through the usage of internet and currently have successfully griped the present generation market due to its handy accessibility beyond geographical constraints, employment generation, startup initiatives etc. But these are nevertheless not free from mal practices and the ever growing e-frauds in various forms rather attract the same more than the traditional contracts can go through. The electronic contracts in India are primarily regulated by the Indian Contract Act, 1872, the Indian Evidence Act, 1872 and the Information Technology Act, 2000. Beside these, the Indian judiciary has also played an active role in determining the various aspects of the same contracts. This paper endeavors to highlight the legality, pros and cons of electronic contracts in India on the basis of existing literatures, reports, studies and other relevant materials.

Keywords: Technological era, electronic contracts, internet, traditional contracts, mal practices, handy accessibility, e-frauds, the Indian Contract Act, the Indian Evidence Act, the Information Technology Act, legality, pros and cons of electronic contracts in India.

Cite this Article: Dipankar Chakraborty. E-Contracts in India: Its Legality, Pros. and Cons. E-Commerce for Future & Trends. 2020; 7(2): 14–19p.